Aerocentury corp announces update regarding revolving credit facility

Aerocentury corp. announces update regarding revolving credit facility.aerocentury corp - in late sept. 2019, co terminated leases for, and repossessed, 3 aircraft on lease to a european passenger airline.aerocentury corp - termination of leases caused co to fall out of compliance with borrowing base covenant under loan agreement with mufg.aerocentury corp - on october 28, 2019, co entered into a forbearance agreement with lenders with respect to borrowing base noncompliance.aerocentury - engaged b. riley as advisor to assist in analyzing various strategic financial alternatives to address capital structure.
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